planned economy

noun
an economic system in which the government controls and regulates production, distribution, prices, etc.
Compare free enterprise.


Origin:
1930–35

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
planned economy
 
n
another name for command economy

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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American Heritage
Cultural Dictionary

planned economy definition


A type of economy in which some central authority makes a wide range of decisions pertaining to production and wages.

Note: The former Soviet Union and other communist nations are examples of planned economies.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
And of course, in the past the old approach was to go for a planned economy.
Once and for all it was proved that a planned economy is stronger than a
  planless one.
In short, they could become part of the planned economy.
The one-party state and the planned economy hadn't worked.
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